AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Exam Dumps: Updated Questions & Answers (October 2025)

Agricultural income and hence exempt

Agricultural income but taxable under the head Income from Other Sources

Exempt as earned outside India

Taxable in Malaysia

Only (i)

Only (ii)

Neither (i) nor (ii)

Both (i) and (ii)

Four, Atharva Veda

Four, Rig Veda

Three, Atharva Veda

Three, Rig Veda

It is with reference to any person extends as far as the third generation (inclusive) in the line of ascent through the mother and, the fifth (inclusive) in the line of ascent through the father.

It is with reference to any person extends as far as the third generation (inclusive) in the line of ascent through the father and, the fifth (inclusive) in the line of ascent through the mother.

It is with reference to any person extends as far as the second generation (inclusive) in the line of ascent through the mother and, the third (inclusive) in the line of ascent through the father.

It is with reference to any person extends as far as the second generation (inclusive) in the line of ascent through the father and, the third (inclusive) in the line of ascent through the mother.

Pre-Paid Purchase Lease

Skip Lease

Operating Lease

Sub-Lease

fully allowable as a business expenditure

not allowable in view of Section 40(a)(I)

allowable to the extent of 50%;

none of the above

Bai Salam, Mudarabah

Bai Salam, Murabahah

Bai Muajjal, Musharakah

Bai Muajjal,Musawamah

Rs. 2 lakh

Rs. 9.50 lakh

Rs. 17 lakh

Rs. 9 lakh

Both (i) and (ii)

Only (i)

Only (ii)

Neither (i) nor (ii)

Simple Mortgage

English Mortgage

Usufructuary Mortgage

Balloon Mortgage